TechFlow reports, Matrixport has released a new report indicating that Bitcoin's current bull market has achieved a historic second consecutive seven-month period of positive returns, a feat previously seen only in September 2012. Although Bitcoin dropped 10% in October 2012, it subsequently rose for six consecutive months and surged nearly tenfold from November 2012 to April 2013.
Additionally, Matrixport emphasized that Bitcoin performs strongly during U.S. election years, with an average gain of 192%. Given the lack of hawkish signals from last week’s Federal Reserve meeting, the upcoming U.S. presidential election could drive continued bullish momentum in risk assets (stocks + cryptocurrencies).
Bitcoin is expected to deliver positive returns in March, while April typically shows strong performance, averaging a +12% return over the past decade, with summer price trends generally upward. Therefore, Bitcoin could achieve record-breaking returns.
